As part of the Paycheck Protection Program REICHEL FOODS, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

REICHEL FOODS, INC


Loan Amount	$3,370,253
BusinessName	REICHEL FOODS, INC
Address	3706 ENTERPRISE DR
City	ROCHESTER
State	MN
Zip	55902
NAICSCode	311919
BusinessType	Corporation
RaceEthnicity	White
Gender	Male Owned
Veteran	Non-Veteran
NonProfit
JobsReported	375
DateApproved	04/06/2020
Lender	Home Federal Savings Bank
CD	MN-01
BusinessName.clean	REICHEL FOODS

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

REICHELT PLUMBING
REICHENBACH CEILING PARTITION COMPANY
REID MILLER
REID AND RIEGE PC
REID COLLILNS TSAI